- Upstream propylene seen volatile, ammonia long- No new indications of
acrylonitrile were heard in the week ending February 21



The US spot spot export acrylonitrile price
held steady for the second consecutive week. This was despite last
heard indications exceeding $1,400-1,440/mt due to a lack in fresh market
activity and recent feedback suggesting that there is little liquidity. contracts remained stable week-on-week. This is
despite China's Zhejiang Petroleumchemical planning to reopen its 260,000
mt/year No. 2 acrylonitrile plants at Zhoushan, Zhejiang
province. This is after a February 15th closure due to a feedstock shortage.
A company source stated that the company currently has two ACN plants each with
a capacity 260,000 mt/year. The company originally intended to
close the No.2 ACN plant by April. However, after closing the cracker due to
weak oil margins, it moved the...